The Federal Government has commenced the implementation of an automatic 40 per cent deduction of Internally Generated Revenues (IGR) of Federal Universities and other partially funded institutions across the country. The auto-deduction policy of gross IGR is in line with the Finance Circular with reference number FMFBNP/OTHERS/IGR/CRF/12/2021 dated 20th December 2021. The circular limits the annual budgetary expenditure from IGR …